https://www.taxtmi.com/caselaws?id=215030 In a money-laundering prosecution, the Court held that unexplained foreign exchange dealings, deposits and related surrounding circumstances could justify interference with a bail order where the material suggested proceeds of crime and the accused had not discharged the burden under Section 24 of the Prevention of Money Laundering Act, 2002. It also held that statutory bail under Section 167(2) of the Code of Criminal Procedure, 1973 was unavailable because the charge-sheet had been filed within time, and that an appeal against grant of bail is distinct from cancellation proceedings under Section 439(2). On that basis, the bail order was set aside. en-us Fri, 30 Sep 2011 00:00:00 +0530 Wed, 20 Aug 2025 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215030 In a money-laundering prosecution, the Court held that unexplained foreign exchange dealings, deposits and related surrounding circumstances could justify interference with a bail order where the material suggested proceeds of crime and the accused had not discharged the burden under Section 24 of the Prevention of Money Laundering Act, 2002. It also held that statutory bail under Section 167(2) of the Code of Criminal Procedure, 1973 was unavailable because the charge-sheet had been filed within time, and that an appeal against grant of bail is distinct from cancellation proceedings under Section 439(2). On that basis, the bail order was set aside. Case-Laws Money Laundering Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215030